This draft interpretation statement is part of a series of guidance on the income tax and GST consequences of providing short-stay accommodation through peer-to-peer websites such as Airbnb, Bookabach and Holiday Houses. It explains the GST treatment of short-stay accommodation. The Statement confirms the supply of short-stay accommodation will not be an exempt supply and then discusses the requirements for registration, the main consequences of registration and what happens when the property is sold or the short-stay accommodation activity ceases.
CA ANZ supports the publication of this very comprehensive Statement. It will be a useful resource for practitioners. We also recommend that a fact sheet that is more suited to general taxpayers be published in plain English, and with examples, to accompany the interpretation statement.